Badegna Group

The BADEGNA group consists of married women who average 29 years of age and four children each. They live in polygamous families in the city of Bougouni, located in the Medina district. They know one another as neighbors and through their trade. They sell food condiments, fruits and vegetables. This is their fifth loan with the microfinance institution Soro Yiriwaso, and all previous loans were repaid without problems.

FANTA is the president of the group. She is sitting at the front in the photo with a basket of fresh tomatoes and cabbage. She will use her loan to purchase 400 kg of fresh tomatoes, 300 kg of cabbage, and various small packets of condiments (fièfiè, pepper, okra powder and Sounbala). She buys her merchandise from wholesalers in Bamako, and she conducts her sales at retail at the big market of Bougouni and from her home, for cash or credit, to a clientele consisting mainly of women.

She expects to earn a monthly profit of 40,000FCFA, part of which is to be used to cover the costs of the children’s healthcare and education, and the remainder to be reinvested in her business.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.